Sungrow Power Supply(SZ:300274) 挖贝网·2024-03-29 10:55Core Viewpoint - Hefei Gaoke has reported significant operational achievements in the past year, driven by innovation, cost control, and strategic expansions [1] Group 1: Performance Drivers - The company's performance growth is attributed to increased investment in process innovation and strict cost control measures [1] - The establishment of the subsidiary Foshan Hongji at the end of 2020 has begun to release production capacity in 2023 [1] - Financial expenses decreased compared to the previous year due to the arrival of funds raised from the December 2022 listing, along with increased investment income from these funds [1] - Changes in product structure have also played a role in the company's performance [1] Group 2: Client Expansion - In the past two years, Hefei Gaoke has expanded its client base to include well-known companies in various industries, such as Sungrow Power, Guoxuan High-Tech, and Huaxiang Automotive in the non-home appliance sector [1] - In the home appliance sector, clients include Midea Washing Machines, Skyworth Electric, and Fangtai Kitchenware [1] Group 3: New Subsidiaries and Projects - In 2023, Hefei Gaoke established several subsidiaries, including Suzhou Hongji, which supports Haier's Shanghai factory [1] - Hefei Gaoke Kuaiyi Electric New Energy Company focuses on the production and sales of charging piles, leveraging the advantages of joint venture resources [1] Group 4: Investment Projects - The Shucheng Hangbu factory obtained land use rights for 110 acres at the end of 2022, with construction expected to start in September 2023 [1] - The fundraising project for the construction of a manufacturing base for home appliance structural components and precision manufacturing is projected to commence production in July 2024, aiming to become a super factory in the refrigerator hinge segment [1] - Non-fundraising projects include the establishment of an ecological planting refrigerator and special refrigerator OEM and ODM production base, also expected to be operational by July 2024 [1]